Texas High Court Nixes $1.5B Power Plant Cost Recovery Row

Law360, Houston (March 8, 2013, 6:22 PM EST) -- Texas' highest court on Friday declined to hear appeals by a unit of American Electric Power Co. Inc. and energy consumers battling over regulatory approval of the utility's proposal to service Texas customers with a $1.5 billion Arkansas plant and charge them for its construction costs.

The Texas Supreme Court denied without comment a pair of appeals launched by Southwestern Electric Power Co. and the Texas Industrial Energy Consumers trade association, refusing to consider the utility's complaint over rate caps set by the Public Utility Commission...
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